Pak must capitalise on Indian consumer market: Tareen

March 2nd, 2009 - 5:22 pm ICT by ANI  

Islamabad, Mar 2 (ANI): The adviser to the Prime Minister on Finance, Shaukat Tareen, has stressed the need for improving trade with India for economic benefit, saying that the Indian consumer market has massive potential that Pakistan must capitalise on.

We have to stand on our feet, if we are good in what we are doing we have ready-made market in neighbouring countries, he said.

Tareen said Pakistan should focus on enhancing economic activities with its neighbours, as the current trade volume was not satisfactory.

The Daily Times quoted him as saying that Pakistans trade volume was only 10 billion dollars with its neighbouring countries out of the total volume of 60 billion dollars.

He also highlighted the importance of chalking out a China-specific trade strategy and setting up a China-specific economic zone inside the country for promoting trade and investments between the two countries.

He said the countrys economy had been put on the right track in the last six months, with inflation going down, the current account deficit reducing, banks having fewer liquidity problems and the floor on the stock market trading been lifted.

Tareen said inflation had decreased by 4.5 percent in the last two months only and resultantly; interest rates would come down as well. (ANI)

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in South Asia |